Strategic shareholdings held to maintain business relationships
First written in FY2018. 4 of 7 entries say "Advanced", first in FY2023. Latest entry: 2026-10-08.
The whole theme swung hardest in 2019: 18 of 135 companies on the "Worse" side.
- 2026-10-08AdvancedOccurring Fact
「Based on the Corporate Governance Code, we verify the benefits of holding cross-shareholdings before determining whether to retain them, and are reducing such holdings. By selling them, we aim to further improve asset efficiency and strengthen our financial position, thereby preparing funds for investment to expand the business in the future.」
The reduction of cross-shareholdings became more concrete through a resolution to sell 2 listed securities, with the sales scheduled to take place from October 2026 through March 2027. - FY2026AdvancedAnnual report
「Issues whose number of shares declined during the fiscal year Unlisted shares 1 Shares other than unlisted shares 4」
The company reviewed the rationale for its cross-shareholdings and sold 1 unlisted issue and 4 listed issues. At the end of the fiscal year, holdings stood at 7 unlisted issues and 3 listed issues, indicating progress in reducing the portfolio. - FY2025AdvancedAnnual report
「Following a review of the rationale for holding the securities, the company sold some of its holdings during the fiscal year.」
Regarding cross-shareholdings, the company sold 1 unlisted issue and 2 listed issues, leaving 7 unlisted issues and 7 listed issues held. The review of rationale and implementation of the reduction policy progressed. - FY2023AdvancedAnnual report
「Following a review of the rationale for holding the securities, the company sold some of its holdings during the fiscal year.」
The Board of Directors reviewed the rationale for the cross-shareholdings, and during the fiscal year the company sold 1 unlisted issue and 3 listed issues. Total holdings declined to 24 issues. - FY2022RestatedAnnual report
「For each cross-shareholding, the Board of Directors periodically reviews the purpose and rationale for holding it and seeks to reduce the holding when it determines that the significance of holding it is not necessarily sufficient.」
For cross-shareholdings, the purposes of maintaining business relationships and other objectives, periodic review by the Board of Directors, and the policy of reducing holdings where their significance is insufficient continued. Holdings totaled 27 issues, with a carrying amount of ¥4,557 million. - FY2019RestatedAnnual report
「The policy for holding cross-shareholdings for the purpose of maintaining business relationships and enhancing corporate value, along with the policy of periodic review by the Board of Directors and reduction where the rationale is insufficient, was clarified. The number of issues held was 34, and the balance-sheet carrying amount was ¥4,716 million.」
For investment securities held for purposes other than pure investment, the company believes that cooperation with various companies is necessary to continue growing its core automotive-parts business. Accordingly, it holds these securities as cross-shareholdings when, after comprehensively considering its business strategy, local communities and business relationships with trading partners, they are deemed necessary to enhance corporate value over the medium to long term. The Board of Directors periodically reviews the purpose and rationale for each cross-shareholding, and the company will reduce its holdings when it determines that the significance of holding them is not necessarily sufficient. - FY2018First statedAnnual report
「Number of issues held for purposes other than pure investment and total amount recorded on the balance sheet 35 issues ¥5,312 million」
The company held 35 issues of investment securities for purposes other than pure investment, with a balance-sheet carrying amount of ¥5,312 million, and disclosed the purpose of holding each issue as policy investment, including maintaining business relationships.